> Cheap investment options?

Cheap investment options?

Posted at: 2014-12-05 
Only have $100 to invest? That's not a problem. You only need enough to buy just one share of your company of choice. You've saved your money and picked out the company you want to invest in. Now all you have to do is open a brokerage account and "buy, buy, buy." . Most firms charge around $10 every time you place a buy or sell order, so you'll want to keep your trading activity to a minimum while you get going (especially if you only have a small amount to start with). Be sure to check whether the firm offers benefits for new investors -- bonuses like waived fees for the first month or an extra $50 are not uncommon. Log on to your brokerage account. Search the company's stock ticker. Enter the number of shares you'd like to purchase. Press buy.

Voila. Now you're an investor.

Hey Cody. I remember answering one of your other questions on the stock market. Glad to hear you've been sticking with your research.

Aside from asking your parents to open a brokerage account for you, your investment options are going to be limited. You could temporarily put it in a short-term bank CD - however it's not going to yield much interest.

If you're feeling entrepreneurial, you could always use the money to start a small business that offers something of your expertise. It'll take a lot of work and time to start this though, so your best bet would probably be to hang on to your money until you're 18. Keep doing your research, and do some mock trading in preparation.

Hi i am 17 years old and i have done a ton of research on stock and it seems like alot of work because im not 18 yet so there are some steps to take to invest, so are there other options for me to invest, i have around 100 dollars to start with i start working a new job soon and i have no expenses so i will have around 250 dollars a week